Zheng Quan Shi Bao·2026-01-20 05:12Group 1: Market Overview - The chemical industry chain experienced a significant rise, with stocks hitting the limit up, particularly Jiangtian Chemical (300927) which surged by 20% [1][8] - On January 20, the A-share market showed volatility, with the Shanghai Composite Index briefly falling below 4100 points and the Shenzhen Component testing the 14000 point support [1] Group 2: Real Estate Sector - The real estate sector collectively strengthened, with real estate services leading the gains, and the sector index rising over 5% [4] - Major companies like I Love My Home and others saw significant stock price increases, with trading volume surpassing the previous day's total within the first hour [4] - Shanghai's new residential property prices increased by 4.8% year-on-year and 0.2% month-on-month as of December 2025, marking it as the only first-tier city with both year-on-year and month-on-month price increases [5] - The Shanghai real estate market is expected to see over 20,000 transactions for the third consecutive month, indicating strong demand [5] Group 3: Chemical Industry Dynamics - The chemical sector saw a broad increase, particularly in polyurethane, with the sector index rising over 2% to reach a historical high [6] - Major chemical companies like Cangzhou Dahua and Hongbaoli experienced consecutive limit-up trading, indicating strong market sentiment [6][8] - A global price increase in the chemical industry has been noted since December 2025, with major companies like BASF and Dow Chemical raising prices across multiple regions [10] - Recent data shows a general trend of rising prices in the chemical sector, with 11 out of 16 monitored products increasing in price [10] - The Chinese chemical industry is expected to benefit from a slowdown in global capacity expansion, potentially leading to higher dividend yields and a shift from being a cash-consuming sector to a cash-generating one [10]